In the Nifty500 pack, the closing prices of 29 stocks fell below their 200-day moving averages on February 01, according to StockEdge.com’s technical scan data. Of these, we have highlighted 13 stocks that slipped more than 4%. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
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